All Forum Posts by: John Woodman

OK, so at this point I'm a newbie.

My orientation is to want to put together deals that are a "win" for everybody involved. When you are talking about wholesaling, wholesaling by definition involves buying properties at a significant discount over what the property may later be sold for.

So I am trying to understand: What's in it for the seller? I know there are personal situations such as financial crunches and divorces, where one simply wants to get rid of the property. And there are other situations such as out of state owners where a person is busy, may have inherited the property, may not be able to manage it...

In any event, I am trying to understand what these situations are, and what's in it for the seller. I am also trying to get an idea for the real extent to which wholesaling can be a "win" for the seller as well as the buyer. Or is it simply a game which isn't really going to go that well for the seller most of the time?

Thanks, Abdul. And thanks, Bill. Yes, I was glad to see another Springfieldian here.

Thanks! :-)

My name's John, and I'm getting started in real estate investing.

Prior background? Well, no experience buying and selling properties. But I have logged some experience doing various bits of renovation-type work. As well, my wife and I help manage a few rental properties for some family members. So we're familiar with that entire process, and landlord/ tenant dynamics.

My main business is computer technical support, which I've been doing full-time, independently, for the past 9 years.

My main goals at this point would probably be to learn enough, make decent contacts, and get started in an appropriate way.

Dang. I just joined, and just found out about these today. :-(

Why do you say that s-corps are best for flipping?

Congratulations!

I joined yesterday, and will make this my first post. I probably wasn't the 100,000th member, but maybe I was in the 99,xxx... :-)